Beware Greeks selling debt

The Greek crisis could have serious results for Ireland if it gets any worse

30th January, 2010

The first thing to remember when watching the crisis in Greece - we can’t call it a Greek tragedy just yet, I suppose - is to believe no one.

Everyone lies during a financial crisis. Many of you will remember the porkies that were told during the Irish currency crisis of 1992-93,when we told the world we would never, ever devalue the pound.

All, of course, ‘‘in the national interest’’....

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